MoneyGram Builds on History of Global Giving; Launches MoneyGram Foundation
'Inspiring Minds. Improving Lives' will guide Foundation giving, with focus on education as key to economic opportunities for individuals, families and communities
DALLAS--(BUSINESS WIRE)--Oct. 9, 2012-- MoneyGram (NYSE: MGI), a leading global money transfer company, today announced the launch of the MoneyGram Foundation, whose mission is to demonstrate the company's passion for educating young minds. The Foundation will focus on funding programs that provide educational resources and basic school supplies to millions of school-age children around the world.
MoneyGram has a long history of giving to worthy causes. Since 2006, the company has donated approximately $500,000 annually to non-profit organizations through its Global Giving program supporting basic needs, microfinance programs, essential education services and disaster relief. These programs were often identified by the company's employees and agents. In the past month, MoneyGram's Global Giving program has given $230,000 to organizations in more than a dozen countries across Africa, Asia, Eastern Europe, Latin America and North America.
The company's philanthropic efforts have evolved into establishing the MoneyGram Foundation. With its guiding principle, "Inspiring minds. Improving lives.," the focus of the MoneyGram Foundation is rooted in the belief that education is at the heart of better economic opportunities, healthier families and individual freedom and empowerment.
"For the past 70 years, MoneyGram and our agents and employees have been inspired by our customers' drive to create better opportunities for their families, which in many cases means leaving their loved ones behind to live and work in other countries," said Pamela H. Patsley, chairman and chief executive officer. "Establishing the MoneyGram Foundation strengthens our commitment to help individuals, families and communities through the support of educational programs worldwide."
Empowerment Through Education
MoneyGram's 2012 grants to date have been made to the following organizations and programs:
● $30,000 to Communities In Schools Dallas Region (CISDR) to support the "Girls Exploring Math and Science" (GEMS) program. GEMS offers classroom and experiential learning opportunities to female middle-school students in science, technology, engineering and mathematics. This gift will enable GEMS to add another school and 50 students to the overall program.
● In India - a country with one of the largest populations of children without access to education - MoneyGram has given $100,000 to Holt International Children's Services to subsidize school fees and provide school uniforms, books and school supplies for three years for 300 girls. This donation will help enable girls to stay in school and improve their chances of a better future.
● In many parts of the world, children miss out on an education due to the lack of basic school supplies. MoneyGram's $100,000 donation to World Vision delivered much-needed school supplies to 10,000 children in Albania, Ghana, Haiti, Kenya, Laos, Romania, Rwanda, the Philippines, and Vietnam, among other countries.
The World We Serve
MoneyGram makes grants to support educational opportunities for children around the world. Grants are awarded solely for charitable purposes, and priority will be given to proposals focused on academic programs that are likely to have a significant impact on in the lives of children.
MoneyGram, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 284,000 agent locations -- including retailers, international post offices and financial institutions -- in 196 countries and territories. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
To learn more about the MoneyGram Foundation and the projects it supports, please visit moneygramfoundation.org.